AUD/USD reversing

30 сент. 2014 г.

Uptrend is collapsing and may soon turn into a downtrend. Price bounced @ primary downtrend resistance line and pierced hagopian line (pink). Wait for the correction, ideally to 0.8745 with a slight downward bounce, and go short. Stoch must be preparing to go down, preferably on both 1m and 5m charts. My potential entry point in the green circle.

Good luck.

~1 hour

***for some reason, my primary downtrend resistance line did not appear in the published chart. Sorry for that.